According to government sources, the cabinet would consider the proposal for setting up a bank holding company for state-run banks soon. The holding company is intended to enable state-run banks to raise capital from the market instead of seeking funds
Category: Aviation & Airports
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NHAI may bar GMR from its bids
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are contemplating action against GMR Group for its 'abrupt and unilateral' walkout of the 555-km-long Kishangarh-Udaipur-Ahmedabad National Highway project. Alleging delays in approvals GMR has come out of the road project.
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Air India concerned over FDI in aviation
Indian State-owned Air India has warned the Union government that allowing investments by foreign airlines will hurt the interests of domestic airlines and prevent Indian airports from developing into international hubs. The government should study the potential impact of such investment on the domestic aviation sector as a whole, Chairman and Managing Director (CMD) Rohit Nandan wrote in a letter to Aviation Secretary KN Srivastava in December, sources said.
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Strong room planned for cargo at Surat airport
In Surat, the Airport Authority of India (AAI) plans to set up a strong room facility for valuable cargo like diamonds, gems and jewellery and gold at the city's airport. The diamantaires have been demanding international air connectivity and cargo handling facilities at Surat airport for the past few years.
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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UP govt works on fresh bidding for Kushinagar airport project
Uttar Pradesh government has undertaken a fresh bidding process for the proposed Rs 354 crore airport project at Kushingar in eastern Uttar Pradesh. The government made necessary changes in the bidding conditions after the bidding in 2010 failed to evoke strong response because
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NHAI raps GMR over termination notice for h’way project
GMR has been rapped by the National Highways Authority of India (NHAI) for its termination notice for the country's biggest highway project worth at least Rs 6,000 crore.
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China to build world’s highest airport in Tibet
In Tibet, China will start work on the world's highest airport next year. The airport is to come up in in Tibet's Nagqu county, the State media Xinhua news agency has said.
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Aranmula airport
Chennai-based KGS Group of companies is all set to start work in this January on the Aranmula International Airport project in Kerala. It has got all requisite clearances from the authorities concerned, said Gigi George, Managing Director, KGS Aranmula International Airport. He said the work on the Rs 2,000-crore project would commence in the second week of this January and is expected to be ready for airport operations by December 2014.